Sri Lanka firm gets nod for Sh237m Key Microfinance buyout

Treasury Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG

LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, has received regulatory approval to acquire a 73.2 percent stake in Key Microfinance Bank Plc.

The lender, which formerly traded as Remu, is selling shares to the multinational at a cost of Sh237 million.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.